xria:Dusk-You-n-Me: Everything you need to know about the Cyprus bailout, in one FAQ

I did find this bit in your link weird:

As the above chart shows, Cyprus' recession was much milder than that in the rest of the euro zone, and for most of the past five years Cyprus has outpaced its neighbors when it comes to growth.

It looks more like it has been weaker than the Eurozone for the last five years, although there isn't much in it either way.

The article does a pretty good job of connecting the strange political situation of Cyprus to its even weirder economic situation. The chart you're talking about was mostly there to point out that there was nothing out of the ordinary, economically speaking, going on there. The greek crisis laid right into the (heavily greek) debt holdings of Cyprus and just farking *destroyed* their shiat. Like. Overnight.

And because they aren't spending their own money, like we are, they can't keep interest rates artificially low, so a debt crisis *does* become a lending crisis, which in turn leads to nationalization which eventually ends up with a nation whose economic future is in shambles.

Dusk-You-n-Me:Everything you need to know about the Cyprus bailout, in one FAQ

Now there's a good link on the topic. I can see what the plan was: "Let the Russians pay for it". If that was the actual plan, they should have made the tax only apply to foreigners' bank accounts. Instead, they did something that obviously triggered a bank run by their own citizens. What dumbasses.

Total funds parked in tax havens are estimated at €20 billion by 'The Economist,' and between €20 and €30 billion by the non-government organisation 'Tax Justice Network;' the obvious question is: why is "morality" only applied to Cyprus, which only accounts for 1% of such funds?

TFA misspelt 'trillion'.

Morality only applies to Cyprus because Britain and the US are too powerful to push around.

i love how the wizards of smart that run the world think the way to fix our economies are to steal money from the people who save to bail out the people who get themselves into financial debt holes they are unable to climb out from.

To summarize the solutions to our financial problems:

People who save and accumulate wealth: penalizePeople who pile debt and destroy wealth: reward

Surely this will lead to great things for our future when these lessons are learned.

Best headline since 'Pricipal caught sayof.' I think the formula for this one should be something like: It's called the [Whatever] Experiment... Is the [single subject] and the [single subject] [plural present indicative verb] the new [singular object]? Plausible

So this article would be: "It's called the Syrian Experiment... is the British and the French are arming the new rebel? Plausible"